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Mongolia Best Bank: Khan Bank

Best Bank in Mongolia: Khan Bank | Euromoney Awards for Excellence 2020

Australia I China I Hong Kong I India I Indonesia I Japan I Malaysia I Mongolia I Pakistan I Philippines I Singapore I Taiwan I Thailand

Khan Bank dominates Mongolia’s admittedly tiny banking system, with roughly 25% of all consumer deposits. The bank operates from more than 400 branches and employs almost 2,500 staff. It is the country’s largest taxpayer.

John Bell, Khan Bank_AfE Asia_Mongolia_160x186

Khan Bank focuses on retail and agricultural banking with its products in small retail deposits and micro loans, one of the reasons for its relatively high cost-income ratio of 63%, compared with more developed market standards. The bank is, however, profitable and growing quickly. In fiscal 2005, Khan Bank reported an increase of 51% in net profit, to $3.8 million on assets of some $182 million. Return on equity was 37%. Non-performing loans totalled 2.3% of assets and Khan Bank reported a capital adequacy ratio of 12%.

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